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For Immediate Release September 2, 2003
Contact: Cristi Allen
callen@decisionanalyst.com
Phone: 817-640-6166
Upturn In Business Activity Points Way To Recovery,
Decision Analyst's Economic Index Finds
Arlington, Texas - The U.S. economy appears poised for accelerated growth
according to data from Decision Analyst, Inc.'s August U.S. Economic Index. The
overall Index (calculated from a nationwide, online survey conducted during the
last 10 days of each month) in August remained unchanged from July at 108
points. However, business activity showed strong growth, recording its highest
value this year.
"The economy appears to be finally getting ready for faster growth," said Jerry
W. Thomas, President and CEO of Decision Analyst, a marketing research and
marketing consulting firm. "Business activity is a key factor in the Economic
Index and an upturn there is really positive news."
Among the other categories that produce the overall Economic Index, most showed
little change. Corporate hiring is, however, showing signs of expansion after
lagging all year. The other major shift was in prices, which were found to be
rising at the fastest rate this year.
"Rising prices are not necessarily bad at this stage of the economic cycle,"
Thomas says. "They indicate that demand is starting to heat up a little, which,
given the low levels of capacity utilization, is unlikely to have any
significant negative impact on recovery. It looks as if the predictions of
stronger growth in the second half of the year will prove justified."
Methodology
The Decision Analyst Economic Index is based on a monthly Internet survey of
several thousand households balanced by gender, age, and geography. The survey
is conducted during the last 10 days of each month, and the Index is
immediately calculated from nine different economic measurements, using a
sophisticated econometric model. The result is a snapshot of current U.S.
economic activity, as seen through the eyes of representative consumers.
Decision Analyst also conducts concurrent economic surveys in Canada, the U.K.,
Germany, France, Italy, Netherlands, Mexico and Australia. Whenever the
Decision Analyst Economic Index is greater than 110, it tends to signal an
expanding economy. An Index value of 100 to 110 suggests a stagnant economy,
and below 100 generally indicates economic contraction. These guidelines vary
by country, however.
For additional information contact:
Cristi Allen
Publicity
Email: callen@decisionanalyst.com
Phone: 1.800.ANALYSIS (262.5974)
Address: 604 Avenue H East
Arlington, TX 76011
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